Verizon leads telecoms higher; gear makers also rise

JohnLetzing

SAN FRANCISCO (MarketWatch) -- Verizon Communications Inc.
VZ, -0.54%
rose more than 2% early Wednesday, leading most telecom stocks higher, while Cisco Systems Inc.
CSCO, -0.32%
and other gear makers also rose. Verizon rose as high as $38.47 on a report that it might buy a stake in an Indian mobile phone operator and after Verizon said it expanded its broadband network in South Carolina. Cisco rose more than 1%, while Tellabs Inc.
tlab
climbed more than 3% as the technology sector was broadly higher.

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